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tv   Cavuto  FOX Business  May 12, 2014 8:00pm-9:01pm EDT

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have a great night. ♪ >> >>. neil: end of mood for infrastructure? what about $300 billion over the next 10 years? the president hasn't with the vice president to make the big time push to get the cranes to do their thing. the only detail is out to pay for it. but we already fork over $120 million per year and i am leaving out what the oil and energy company's payout to address parts of this conundrum. where is it going? welcome, everybody. i am neil cavuto. an issue i first raised with
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a congressman who had the image of a bike on his lapel a telltale sign on with solving it know where to argue for infrastructure accountability. neil: you are talking about doubling the gas tax like is no big deal. >> i did not say it was not a big deal. neil: americans want to know how can you guarantee the new money is that you will want will not compound the same? >> i just finished indicating independent studies from business. neil: you have no idea. you have no idea do you? you have no idea. >> you purposely don't have an idea. neil: i cover this a lot a and i get the same answer. >> the queue for your time. neil: we both walked off the show together. but i am not for crumbling roads and bridges or for letting them fall into the
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water. i afford to make sure we don't compound the money that will go to fix the bridge never meets that bridge. to put this with some perspective spending more than $122 billion per year on infrastructure related issues so that 85 million we get a and 12 million of revenue of tolls and property taxes just for this sort of thing in 14. 5 billion in additional taxes and i have left out of the president stimulus program to say nothing of the $62 billion collected from oil companies. i think there is money there provide one tarascan of managing and at -- editor if they can fully account for that money where it has gone if they have exhausted that i am happy maybe not happy but open to giving them more we also have breaking and
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jonathan and tracy burns to was just complaining how cold it was in the studio. [laughter] the lead to make katharine of what the president is pushing this week with joe biden? more more more? >> they always want more more more. look at public schools or the military to know that more money does not equal a better product. i am afraid that is what we will see wes transportation spending. neil: by catherine i can see as well as anyone the mayor said a lot of money during the winter because when we got snow he would not send out the plows. [laughter] may be in your neighborhood. [laughter] but what i wonder about i am all for addressing these concerns but not good good
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money after bad. they will adequately account for that money spent so we're back to into a corner where nothing gets done. was passed to be done? >> i'd like your confession. issa completely impossible occur they accounted for all spending then we could spend more. its will never happen. neil: what happens? >> this money has been misspent. i would like to see for the interstates these handed over to private companies there are exciting developments. it is an oxymoron by its of thing with you technologies like the easy pass that you have in your car to make it possible for people eighth thought to make money on roads and not inconvenience you and take the government out of the equation to a larger extent. neil: he will be at the
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tappan zee bridge and the vice president and state law was all making the same pitch. we have to commit a lot of money 300 billion over 10 years than they leave out how they will raise that money. >> but the question is what do they do with all the money we have been given them? tappan zee bridge is the worst bridge in the country so now why do we care? think there probably means it will collapse the next time i go over it. but the government should not be involved with the roads all the way. neil: everybody pushes for profit becker those who give to contractors. >> but the biggest problem is we keep setting up the scenario that will not get us anywhere. i agree wholeheartedly this money should be accounted
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for but it never is. but you cannot use that as a reason to do nothing. make up the debate for private versus public. i am okay with that you will find more problems with private that you think but have that discussion for a real before more people are killed on bridges. >> but there is no real discussion of any sort of privatization despite the fact to assuage your peers that have been successfully completed not only all over europe ltd. lead -- limited oliver the united states even the chicago skyway 37 what does that mean? a private company run said it? >> in chicago the former private license is but in europe it is actually privatizing the roads. this occurred in our country long before the establishment of the highway system.
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it can be done and it is revenue into the government instead of taxes and regulation instead of people just try to get to work to conduct business. >> we complain in this area but you still cannot convince the people to bet more money into this never ending pods of whatever that goes nowhere fast. nobody has enough money to give you for in the first place but you have no accountability. neil: you say we should have accountability. >> but the only thing i will say about the chicago situation and it has been successful but you cannot expect the private industry will come into every small town in america to take over this responsibility because it will not be profitable. >> wal-mart doesn't have to go into every small town into america either simic
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functionally this is not an economic discussion for a the president but a political discussion just like the hundreds of billions of dollars to make the stimulus program this is the means to record the unions and other politically motivated donors who helps the president out. neil: i don't care from the various groups but the proof is in the pudding with that collapsing things that 120 billion is not working the way we have been doing. you have heard the republicans want to have fewer debates in 2016 i think they had enough. everybody but dora the explore hosted one. even i was going to how bad does that tell you? now they want to change that. this. peace of mind is important when you're running a successful business.
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when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs.
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advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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neil: i want you to think, how many debates to the republicans have in the last presidential go around? how about 20. and that's a conservative figure because they are leaving out the 4h club and boy scouts of america. i joked to make the kind point that's lifetime to beat up with the frontrunning candidate is. but the argument is it make that candidate a much better candidate when all is said and done. i want to pick patrick sprain joining us. what do you make of public is wanted to scale back down a little bit from 20 to let's say, i don't know, 19. what do you say? >> i think that's a good idea to scale it back. people got awfully bored with them. i watched almost all of them, i thought mitt romney, the eventual nominee, he either win or placed second in each of those. i don't think he was badly hurt. it shows he can handle himself, so i think he benefited from it.
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neil: i agree with that. jonathan hoenig, my concern with this is that we tend to think of exchanges as bad for the nominee emma the eventual nominee but i always argue in the general election they will be reps a new one anyway. where is the fear they start going back, grab a bite or a comment somebody said and it doesn't go away? >> let's hope it doesn't go away. it is an opportunity for the candidate to not only define him or herself, but also what the party is about. the g.o.p. is somewhat of a transition. going a more traditional counter out or more of the tea party libertarian road. i think for the parties themselves to define what are the essentials, what are the fundamentals they will present to the american public on.
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neil: it is unusual to have 20 and even more of these type of exchanges in this media age, everybody wants a shot at it. between me and dora the explorer, you don't have to wait too long to have a chance at doing this and i wonder again waters down. you don't mean that about me. >> there should be one debate. you should have 20 of nothing in your life. nothing except maybe going to my mother's house for christmas dinner. you lose people, you lose viewership and everybody loses credibility. neil: here is the danger, we are money network. every other month it seemed we had a new front-runner. they all took turns being the leader things to these because it was always getting the attention, but couldn't get the attention of the money raisers?
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they look at michele bachmann, that is where the money should go. >> that happened. you would see fundraising boost after each one of them. now i will utter words i never thought i would say in my entire life until the day i die. neil: barack obama should go to jail? >> no, i agree with pat buchanan. neil: you can do better than that. >> romney came out of that well. we would all miss the clown show if it stops. neil: are we overdoing it? >> the party has to be aware of the fact it may be perceived as pushing a long and the establishment candidate, the main man. coming up in this race you will have rand paul and ted cruz and maybe ben carson a sort of the outlier candidates, and these are the ones who really benefit
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dramatically from the debate. remember herman cain 999? the party has got to watch that it is not trying to stifle these folks. neil: it'l it would be like geoe bush senior trying to avoid any encounter with you or any establishment. any notoriety given to the candidate rob's the leader of the limelight. >> look what george hw bush did after he won iowa in 1980, the e goes to new hampshire and says in ttis debate it is governor reagan and me and bob dole and howard baker and john anderson and phil crane, you are off the stage. you can't cut these guys out, i paid for this microphone, that finished off george hw bush in 1980. neil: you are so modest.
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you didn't mention your own example. didn't get a chance. final thoughts? >> even in the last election cycle you were one of the few talking pundits who actually covered gary johnson's election hope that he wasn't included in the debate. i think the entire debate would have benefited from his participation. neil: by the way, they had 58 candidates. what was the harm in inviting a 59th? i digress. guys, thank you all very much. we have a problem now with government workers, a lot of people have been very suspicious, but now the various computers they are using sometimes to spy on you or get things on you or legibly to help you, they are so riddled with porn, they are actually hurting
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and use one of our certified repair shops, the repairs are guaranteed for life. so call... to talk with an insurance expert about everything that comes standard with our base auto policy. and if you switch, you could save up to $423. liberty mutual insurance -- responsibility. what's your policy? neil: ever since the revelations that the securities and exchange commission was found to have more than a few agents who are predisposed to watching porn then chasing bad guys, lot has been made of what government workers are doing on their time. a lot of their computers are vulnerable not only to hackers, but a lot of other stuff thanks to their obsession with porn. you were saying during the break nobody was punished for this.
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>> nobody has been fired for any instance involving porn at the federal offices. it's wrong, but it's a holdover. people forget why we got this way. virtually all were political appointees. they created the silver service to and that problem and as we usually do, we went too far the other direction. one thing i will make a little pitch here though. if you want to start somewhere, increasingly to fire federal employees who do a happy job, take on the bill to take a people in the federated's and administration who do a crabby job to fix those. very important. >> the it people should be fired. all you have to do is block it. go to any bank in this town, they can't watch it. they cannot watch it on company computers. that is the biggest problem here. neil: this is fairly widespread. >> so, block it!
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neil: i understand, calm down. they had the most abuses per capita ace on the staff. governmental protection agency has three more than just "national geographic." so what do we do in response? >> neil, it is really hard to get fired from the federal government. the federal government players less than half of 1% of its employees for poor performance per year. the private sector fires about 3%. neil: on just this issue? >> it is very hard to get fired from the federal government. i don't have the answer answer t to block porn. reduce the size and scope of government completely. bring down the number. >> a lot of senior executives.
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it is not like lowering people. a federal judge got busted for doing it. neil: you need to be a judge to find out what is porn. for tat on that one. i don't know how we got on this. when we come back, senator harry reid is attacking the koch brothers. that is nothing new. the sound of it is. >> it is not often i agree with what the koch brothers say or do. koch brothers. koch brothers. multi-zillionaire of the koch brothers. so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things?
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neil: it is so familiar to us. lot of folks don't know who the koch brothers are. take a look. >> do you know who the koch brothers are? >> i don't know who the koch brothers are. >> may be the drink? >> the koch brothers, do you know who they are? >> the koch brothers? i do not know who they are. >> no. >> i think of mcdonald's? >> no. neil: all those interviews were held outside of cnbc offices. i don't know. if you were to watch another channel, they are target. why?
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>> it is easy to demonize them as being the billion or donors who have self-serving political interest, but with the left for forgets his they have their own billionaires they don't demonize doing the same thing in a mirror image. i am sure you heard of them, agree to $100 million. neil: big on financing those. i have no issue with money in politics. i think the american people are pretty smart, some well-financed candidates no matter the money spent. some people can make their own decisions. i say don't blast either. >> they are wasting their time. people still think the koch brothers pour soda. george soros, may be dubbed a
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new word, maybe that is how we will all get to know this people. they are trying to make ends meet before the next paycheck comes. neil: is it good or bad to have these big-money types sort of pick and chosen by the media type. they are now deemed a threat, not so much the michael bloomberg's. it is the picking and choosing part comedy harry reid, that seems not so fair and balanced. >> it is not the media targeting the koch brothers. atlanta media, but the american people. you can advocate for those positions and it is not the government's role to target and demonize you for having those
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opinions. the matter whether you're worth a dollar or $2 million, this notion harry reid calling out and targeting innocent americans for voicing their political beliefs should be chilling to all of us. >> i disagree with senator reid when he says the koch brothers are doing this to make themselves richer. they're doing it because they have a political point of view i profoundly disagree with. i think there is some mistake there. but keep one thing in mind, they have been incredibly intercepted on the federal level. neil: they can do whatever they want. >> they have been on the state level, having an impact. not so much yet. neil: what does it influence? >> that kind of money. the other problem i have.
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i think they really perverted the tea party movement. that should be a problem for a great number of people who go in that direction. >> at the end of the day nobody cares. let them fight it out, let harry reid call names on whoever he wants, it won't make a difference on how people vote at the end of the day. neil: does it hurt that they are involved in? not that they need any help, but does it hurt their association because the public p.r., even though we just showed that, most people don't seem to know who they are. >> look, money is a scalpel that scales political message without money is like trying to trim your lawn with a pair of scissors. in answer to your question, forget the koch brothers donated $100 million to new york presbyterian. the new york city opera.
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when they donated 100 million, they actually had activist protests from the nca naacp andm the local unit 1199. because they are the koch brothers. it hurts just because they have associated their message with that of demonization. >> it hurts speech itself. having to be fearful number of commerce will call you out simply for expressing her own political beliefs. that only chills the koch brothers message but all political discourse and that is a major negative. he wrote a letter to the journal. neil: i wish we had more time. what say you have a very nice apartment, you will be away for a while and you want to rent it out. the company set out to do just that call.
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neil: this one was confusing me for a while. say you rent an apartment and want to lease it out, there are laws for that sort of thing. but let's say you own that apartment, say you own your home and you want to temporarily lease it out or lend it out to someone, as a company that lets you do that but all the sudden the city ordinance guys got annoyed and san francisco so annoyed this set up incentives to spy on you if people in your apartment or the people they thought should be in your apartment. she says the government needs to
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get off the back of companies that do this sort of thing. play this out, what are the risks of this? >> the risks or for the individuals who own the property and rented out, they could have damage their own. if they go through a company like airbnb, airbnb does a background check, they ensure damages. a much safer way than posting an ad on craigslist letting someone rent directly from you. neil: they're not as sleazy as a realtor. >> that' that your word. neil: i know. is a company like airbnb overstepping the line or what? >> i think so. normally i am in favor of less government regulations, but here they are operating essentially
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with no regulations, and what is happening is that is creating a whole host of problems. problems for the city unable to collect potential tax revenue. neil: they are already getting taxes from the owner. >> no, that is the problem here, that is why we need these regulations. they are essentially operating as hotels, but a lot of times they are not even claiming this as income. neil: so your problem is the city or the state isn't getting the tax from these guys. >> and neighbors, if you buy a home or renting an apartment, do you have an interest in the property value? neil: it gets to be a little bit. what do you make of that, all of a sudden your next-door neighbor is running a brothel?
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>> if you have a legitimate problem, great, you should reported to authorities authorities if there is illegal activity going on. otherwise mind your own business. they support ideas like this as a way to make money, a way to have your own. neil: you think you are next door to someone, that next-door neighbor constantly changes and you don't know who is next-door. >> i can see that, and i understand owning a house myself, what mind your own business. you want a safe neighborhood. if there is illegal activity, reported or stay out of it. you can report it, i agree with you. you don't want drug dealers or hookers next door to you. worry about what you are doing, they want to double dip, charge people paying property taxes more and more and more. the hotels are complaining.
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maybe they will come stay with you instead. >>neil: it wasn't too long ago u had a few established rental cars to go through, and some upstart companies find it easier to leave town for the weekend and those guys are piling on those guys, so what is the difference here? >> i don't think that's what is going on here. it puts hotels at an unfair disadvantage. neil: they have like a 98% occupancy rate. they are not hurting. >> hotels have to comply with a 14% tax in san francisco, they have to comply with rules and regulations. these individuals renting their property, they are not assuming that responsibility, so it does put hotels at an unfair advantage. they are expecting additional liability with all of these transient coming in and out.
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neil: whether you agree or not, somebody comes along the way that business is conducted, hell hath no fury like a lot of those who want them dead. great, ladies, thank you both very much. a lot of are saying we have to raise the minimum wage. what if i told you it might just become a moot point? after this. wondering what that is? that, my friends, is everything. and with the quicksilver card from capital one, you earn unlimited 1.5% cash back on everything you purchase. not just "everything at the hardware store." not "everything, until you hit your cash back limit." quicksilver can earn you unlimited 1.5% cash back on everything you could possibly imagine. say it with me -- everything. one more time, everything!
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and with that in mind... what's in your wallet? and with that in mind... when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled,
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neil: don't spend all of your money in one place. from around 2.2%, maybe 2.3% may be if you are good, 3%. get ready to rock 'n roll.
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the argument for this increase in activity, the wages are finally catching up, 3%, might be three an.5% next year, might mitigate the whole minimum wage debate. >> we should not raise minimum wage whether gdp moves or not. this should be on a company by company, business by business basis. society should rule what wage should be. they have no rights but to react. neil: they have the funds to increase what has been the numbers in the past. if you can do for everybody you can do for the lowest in the ranks, what do you say? >> some probably deserve more money. i am one of the few who believe minimum wage keeps wages too l
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low, it anchors wages too low and give employers a good excuse not to pay people more. they pay them the federally mandated minimum wage. wages aren't arbitrary. they are not based on the bureaucrats pen, they're based on the economic realities of a situation. it is a distortion of that situation. that is why should be abolished, let better qualified and better a free his people earn. >> the 3% projected for this year hardly will make a huge impact on people working 40 hours per week and still far below the federal poverty line. it just isn't going to do it. it really doesn't. that is the problem.
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that is why we had it in the first place. even when you had years with pretty healthy growth, you weren't seeing that in the lower wage jobs. that's just not something we do. >> you are too close. the government dole, take the earned income tax credit and live off the united states of america. that's where we are. >> get people out there working. >> youth participation rate in the economy started going down back in 2007. in 2008 once the minimum wage began to be race. not only destroying business, but destroying people's opportunities to get the skills to go ahead. because to tracy's point, it's more expensive to hire the folks to work. they don't get the opportunities, the employers don't get the work. neil: i wish we could argue this
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for quite some time, but the trend right now is in higher wages. in the meantime british petroleum or bp want to invest $1.5 billion this year. is it because they don't have the opportunities to do it here? jonathan, the argument for bp and others investing abroad is it is easier to do so there than it is here. what do you make of that? >> especially when it comes to energy, the energy policy in this country is highly controlled by government. that is a relatively recent thing. the department of energy was only cooked up in the mid mid-1970s. they are looking elsewhere to develop the energy resources that's not only help their bottom line but help anybody able to use them including americans here at home. >> that is exactly right.
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back to the keystone pipeline, back to your team. >> this is such a false narrative. they have very invested in egypt for long time. there are the largest producer of natural gas to the country of egypt. there are reasons to be there. they have a shortage of natural gas because the political unrest. they're just putting more money into serve that market. >> they wouldn't need to do th that. >> they are leaving it there. that is not the problem. neil: if you tap it here, and there are limitations on how much you can ship abroad, wouldn't you have been more inclined to drill or find whatever means you can of these other guys?
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>> it is not the reason they'ree doing it. >> even the u.s. success in exploring for natural gas has been hindered by the environmental movement that rules the obama administration with fracking technology. the more we can control energy, the more difficult it is to get out of the ground. neil: i have your back. >> you cannot blame the administration on fracking. administration on fracking. neil: predicting the future is a pretty difficult thing to do. administration on fracking. neil: but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented.
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no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.
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neil: and what is the deal with the amazon workers suing over lunch breaks? tell them to count their lucky stars that have a job, tell them to shut up. not enough time to eat their lunch. cry me and amazon river.
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and i need to know the details, i know i need to watch, but we don't get it. and how would you know about it? another i have not had a lunch break in 30 years. many people may not need to worry about a lunch break, they may need a job. angela tweeting i am a teacher, cannot even get to the restroom. sandra, what is a lunch break, i wish i knew. i don't get a lunch break, suck it up. teaches gets 25 minutes and often eat standing up on duty. that is like every mother in the country. when i was has been we had 20 minutes to leave our room, go down three floors from across the street, go another block to the cafeteria. we waited in line to buy milk from a machine, and were out of there in 20 minutes. should we have sued? only for having to walk to a whole different building to eat.
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what is that about? why he watches this show. you are not a beautiful guy, but you are not a flat-out ugly guy either. i was told i could look as good as you when i reach your age. i wonder why. in new york city. that's hot single mom who wanted you was your wife in disguise. last night you admitted bill o'reilly is taller than you, but you neglected to mention. no, she is not, but she is a lot prettier. tame and alabama, you are the ugliest of all the fox anchors, but you are funny. that is about the only reason you are still on the air. cavuto, you are a workplace miracle.
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no insight, no looks. they keep you around to prove they are big on hiring amoebas. ugly to some, but nurturing to me. north brunswick, new jersey. your brilliant, funny, quite lovable. i agree with you. chalk in wichita. he seemed to read the disproportionate derogatory e-mails on air. i cannot think of anything bad to say about you. you are too nice, tonight and i respect you too much. i guess this won't be on the air, but i do love your program. after that e-mail, i love you also, man. slowing your broadband speeds to sign up for a higher service, believe it. neil, the problem with the slow internet is all about selling
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bandwidth more than anything. they make four times the dough. i have no idea what you just said, but here's the deal. deliberately changing my broadband after i've signed up for that broadband is brought to seat and i would kill people who did that. cavuto, you are unsafe and unwatchable at any speed, but i know for a fact you e-mail me almost every night. at the time for another hike of the gas tax. i said i'd the carrick for all of the money we've already given to fix the roads and bridges. neil, you're absolutely right. maggiore. the schools and local governments, no more increase in taxes until i lies put in place text always have to be placed over the taxes were allocated four.
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the excise taxes, god knows what else, please explain, and as such politician pushing it, why that is not enough to cover our crumbling roads and bridges. and proved me the additional sums we give you go to this stuff and only this stuff. look at the bright side, a gas price gets too high, you have to walk and likely lose a lot of weight assuming i have to lose weight. don't you dare start eating healthy, you can't afford to burst those chipmunk cheeks. this avid female viewer finds you very comfortable to look at just the way you are. i kind of like that. keep them coming. we are on the issues that matter to you. also collecting a lot of these basic questions you ask about where to invest your money, what to do if there is a real resurgence in market going.
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i will tell you what this is, people who take cheap shots at me. i can track down urls down to where you live. think the nsa italian style. good night. kennedy: what would you rather do, have michael sam under football team, trade adrian militant prisoners, or let donald sterling keep the clippers? sometimes odd, sometimes difficult but they all highlight the trade-offs we faithfully post hypotheticals as if we weren't in charge. harder than michael sam to get drafted. even if it means putting a monster on the loose. you know what they should do? they should put her in charge of the l.a. clippers because she is an kicking machine and they both

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